Remember it’s not how expensive things are, it’s how affordable they are that counts. To measure affordability we must compare prices to wages. Read More ›
When Maher claimed that we are running out of water, Elon replied that “Earth is 70 percent water.” Maher shot back that “you can’t drink that.” Musk calmly replied that desalination is “absurdly cheap.” Read More ›
While it is easy to be pessimistic if you compare today to utopia, a much better perspective is to look at yesterday and see how far we’ve come in our journey to lift everyone from poverty. We’re experiencing growth in material abundance, time abundance, and choice abundance. Welcome to Superabundance! Read More ›
Adam Smith understood this back in 1776. If you want to get rich, have lots of people you can sell to. Large markets also allow people to develop their skills and specialize in such things as drug and software development. Read More ›
Time prices offer a number of useful tools to provide additional perspectives on changes in abundance over time. Thinking in time can make much more sense than thinking in money. Read More ›